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Search Results 0 to 49 of about 158 (some duplicates have been removed)
CNBC
Jun 18, 2013 7:00pm EDT
today, and roughly 2% under performing economy, there's just no reason for interest rates to jump higher. the u.s., by the way, is really the only global stock market game in town. our companies are profitable. so at these levels it may not be roaring bullish. i don't think the fed is going to taper down tomorrow, and i do believe the bull market is far from over. that's my take. let's welcome kenneth heed ner. and i'm joined by george gilder. he has the book "knowledge is power." ken, what say you? >> i say that we have a number of years of growth ahead of us in the economy. it's growing at 2%. it's going to accelerate as consumer confidence rises with rising housing prices. we'll see 3, 4, 5% growth rate. >> 3, 4, 5%, those are big numbers. you had an okay housing number today but housing starts are up 29% on year. here's my inflation point. the year-to-year cpi, 1.4%. guys like me two years ago worry about inflation, money printing, i was wrong. i said that before. the best set indicator, 1.0%. without inflation, why should inflation rates have to go higher? >> they go a little bit hi
CNBC
Jun 19, 2013 7:00pm EDT
not be until december or early next year. third point, the u.s. economy's still only growing sluggishly, only 2% growth. just about 1% inflation. modest profits. falling gold. and a steady king dollar. interest rates in my view are not going to skyrocket. there's more money to be made in stocks. the second half is going to be a slower slog than the first half. okay? that's my take on the story. here now we bring in former federal reserve governor frederick mishkin, currently an economics professor at columbia university. welcome back, rick. i just want to ask you, this is a very complicated news conference and a lot of people are saying many different things. first of all, let me ask you if i have the story right. i heard the news conference. the fed will slow down bond purchases toward the end of the year. is that what bernanke said? >> i think what they're trying to do, they've been very concerned, i'm sure, about all the volatility in the markets. and they want to make sure that people understand that in fact they are going to get out of this purchase program, which raises a lot of complicat
CSPAN
Jun 22, 2013 2:10pm EDT
an immigration system in our country that meets the needs of a growing economy, the biggest economy in the world that focuses on making our country stronger, not weaker, and hopefully will put this debate behind us. so i yield the floor. >> yield for a question. first could i say all of us who have had the honor of working with you and the senator from north dakota greatly appreciate the work that you've done. if there is going to be a broad bipartisan support for the final product it will be because of what you and the senator from north dakota have done. and i'm very, very grateful for that. and i think that it is important wouldn't you agree that people understand that this is a very tough bill. and it required a lot of cooperation from our friends on the other side of the aisle to go along and agree with this. i think that they've shown a great deal of compromise in order to reach this point and agree with us on this legislation, which clearly we need bipartisan support for. but i would like to ask the senator again for a couple of specifics. because i think it is important we understand how
CSPAN
Jun 17, 2013 8:00pm EDT
of america, this remains a vibrant place to live with a balanced economy. the american people must have a voice about what those rules will be. and congress cannot skirt responsibility to legislate. again, i would like to close here by thanking those who led this effort, mr. collins in particular, for leading the floor conversation. he has shown great leadership, working very hard. you came here as did other members of the freshman class to make a difference by supporting the reins act and i think you will advance that cause. mr. collins: it is easy to follow in the stoot steps. and we will work to continue that fight. i thank you for being here tonight. it is now with great pleasure, another freshman who has come from north of me in north compassion for his constituents. mr. holding: i thank the gentleman from georgia for the opportunity to discuss this administration's excessive regulations. we know the harmful effect that overregulations had on the economy and since taking office, president obama and his administration have continuously burdened the american people with an exceptiona
CNN
Jun 21, 2013 12:00am PDT
and breaking the news, the stories behind the headlines. if the economy is getting better, why did wall street have the worst day of the year and the walls, exclusive the man that co-founded apple with steve jobs, his interview tonight on a segway, a machine that nearly killed me once. we'll get around to talking about why. i want him to talk about the new upcoming jobs movie. >> nobody wants to buy a computer, nobody. >> how did somebody know what they want if they have never even seen it? >> also, government snooping taking us back to the days of the cold war soviet union. >> i want to begin on the tragic death of james gandolfini yesterday. we're learning more about the moments of his family found him in his hotel room last night. dan is live in rome with more. dan, what is the latest? >> reporter: well, we've been piecing together the tragic final minutes of james gandolfini's life. we know that he arrived at the hospital at 10:40 p.m. having been rushed in found collapsed in his hotel room in a five-star hotel here in central rome. we know he was traveling with his 13-year-old son. there
CSPAN
Jun 19, 2013 9:00am EDT
a crucial role in our economy and vital role in our communities. mr. president, that was proven last night at 5:00 when the congressional budget office, this nonpartisan arm that we look to for direction with what things cost and don't cost here on capitol hill with our legislation, they issued a statement yesterday that this bill certainly, that's on the floor today, this bill certainly is good for the economy. as i will say a couple times during my brief remarks here, it's going over the next two decades, what's left in this one and the next decade, reduce the deficit in america by almost $1 trillion. of course as we've said here previously, previous to getting the report from c.b.o., this legislation is good for the economy and good for security. that's a good package. well, mr. president, these 11 million people need a pathway to get right with the law. a commonsense bipartisan reform proposal before the senate will help them do just that. it will reduce illegal immigration by strengthening our borders. it will fix our broken immigration system and crack down on unskraoup less employer
CSPAN
Jun 22, 2013 7:00am EDT
university, about the state of the u.s. economy. later in the program we will be joined by a matthew segal. he will be here to talk about issues important to young americans. you are watching "washington journal." we will be right back. ♪ >> when you talk about transparency to the american public, there is -- you are going to give up something. you are going to be giving signals to our adversaries as to what our capabilities are. the more specific you get about the program, the more specific about the oversight, the more specific you get about the capabilities and successes, to that extent you have people sitting around saying, "ok, now i understand what it can be done with our numbers in yemen and in the united states and consequently i am going to find another way to communicate." there is a price to be paid for that transparency. where that line is drawn, in terms of identifying what our capabilities are, is out of our hands. if you tell us to do it one way we will do it that way. there is a price to be paid for transparency. >> robert muller makes his last scheduled appearance before
CNBC
Jun 19, 2013 6:00pm EDT
about how the economy is still a bit dicey and jobs aren't being created fast enough. now they're thinking he just wants to put everybody to work, he's not worried about the bonds. bondholders are saying to heck with this, you're not going to protect us, economy is way too strong for bernanke to keep buying bonds, he can't keep rates down, he shouldn't even try. the owners of bonds aren't as worried about the ongoing drag of the federal government that berng kooes fretting about and talked about today. they aren't worried about higher taxes, sequester spending cuts or any lack of any serious attempt by elected officials to get hiring going. they are selling their bonds right now before things get so much better that those bonds will be worth even less! to understand how bonds work i've got to do something different because i know a lot of people can't tell the difference between a stock and a bond. so i'm going to -- i'm going to do a little fictional analysis here. imagine that the united states is a publicly traded company. and it's got this really counterintuitive stock that
CSPAN
Jun 21, 2013 9:00am EDT
much that is costing the european economy, european jobs, and the european government? guest: at the moment, we are asking our citizens to do a lot of sacrifice in order to adjust to the impact of the financial crisis. we cannot allow a number of people to escape, a number of people to evade their tax responsibilities. so, i think this was a powerful message from the g8. very much supported and initiated by the europeans to make sure that our tax system is assumes itsverybody responsibilities in terms of and that when we ask normal citizens to make sacrifices, we should at the same time ensure that any of the people that tries to escape this sanctions -- is sanctions. cooperation among states is an effective one, and this is what they discussed in the g8 and what we are implementing. we are happy to see that we are on the same wavelength with the americans. host: what about switzerland? is which alone one of those locations used as a tax haven? guest: switzerland is not part of the european union, but we have a solid relationship with switzerland. we made a number of agreemen
CSPAN
Jun 19, 2013 12:00pm EDT
that actually is a good balance and works for everyone in this sector of the economy. this bill first creates a way for current undocumented workers to obtain legal status through the blue card program if they've worked at least a hundred workdays or 575 hours from january 1, 2010 through december 31, 2012. all the blue cardholders will receive biometric identification. employers will be required to provide a record of their employment to the department of agriculture as well. and to be eligible, then, for a green card, the workers must have worked for at least a hundred days per year for eight years prior to enactment or 150 days for five years prior to enactment and they also would have to show that they pay taxes on their income that they earn while in blue card status, that they have not been convicted of any felony or violent misdemeanor as well. next, the bill also establishes an agricultural worker program to assign work visas for immigrant workers who don't wish to live in the united states but want to be able to come to the united states to be able to work legally. workers must regis
CSPAN
Jun 20, 2013 1:00pm EDT
the original small business. small businesses are the backbone of our economy and the engines of job creation. and over half of americans own or are employed by a small business. mr. speaker, there are 30 million small businesses in the united states, and they create seven out of 10 new american jobs each and every year. small businesses are the key to economic prosperity. the government does not create jobs. american small businesses create jobs. the government and its lawmakers should do everything in their power to cultivate an ideal environment for small businesses to grow and prosper by removing roadblocks to growth and building economic certainty. we need to keep the focus on the american worker and on small businesses. we need to remember that every week is small business week. i yield back. the speaker pro tempore: the entleman's time has expired. further requests for one minute? for what reason does the gentleman from texas rise? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: the gentleman is recognized for one inute. >> thank you, mr. speake
PBS
Jun 17, 2013 6:00pm EDT
. rohani called for moderation and for reviving iran's economy. in recent years, international sanctions aimed at rean's nuclear program helped fuel rising inflation and high unemployment. rohani presided over nuclear talks with the west between 2003 and 2005. but today the president elect was not support ceasing iranian enrichment. >> we will make nuclear talks more active. this is a problem. solution to the nuclear problem is just talks. neither threats nor sanctions will work. >> ifill: he left open the door to improving relations with the united states. >> the problem complicated and difficult. there's an old wound that should be dealt with with prudence. of course we are not seeking tension or increase can the tension. common sense says our two countries should think about the future more than the past. >> u.s. officials cautiously welcomed rohani's victory but state department spokeswoman said the obama administration wants to see more. >> we look forward to him and are hopeful that he will fulfill the campaign promises he made to the iranian people such as expanding personal
CSPAN
Jun 19, 2013 10:00am EDT
the economy has not recovered from the collapse that wall street caused in housing and other areas. we had recreational vehicles industries gone. we had some high tech that's moved on. we had a lot of construction, home building, lumber, wood products pretty much decimated. the rural areas i have in my rural counties, unemployment over 20%. people are struggling to make ends meet, and we're going to cut their benefits. they want to work. some of them are working, and we even have a higher minimum wage than some states, but it still won't get you through the end of the month for your family. now, this is just outrageous. there are ways to cut this bill. we're going to stop paying finally at last, we are going to stop people not to grow things. we are going to have a new program of crop insurance and some estimates are this program which goes to anybody with an unlimited income, if you're a corporate farm and has $2 million, government will pay 80% for your crop insurance, 80% subsidies. why is that? we could cut this and -- if you earn a quarter of a million dollars a year, go buy your own
Current
Jun 19, 2013 3:00am PDT
. there haven't been a lot of good things, the nsa stuff in particular. the economy is beginning to look a little firmer. and so, usually, that is the fundamental push in the trend line. so, yeah, there is a little surprise there. >> bill: you know, all of the talk about -- of course, benghazi, the irs, the department of justice and then, as you points out, the nsa. it all had its impact the. on nsa, the president said the intelligence community has to explain what this program is all about. they made their first attempt saying this has foiled 50 different terrorist plots. do you think this buries the issue and americans will accept it and go along now? >> there are a couple of different layers to the issue. one is: do -- -- does the public generally accept the notion of vacuuming up all of this data? if it is persuaded that this is what is necessary to stop terrorist actions. my guess is the public would be split but basically lean towards favoring it. and as we have seen over the past couple of weeks in polling on this stuff. the second is: does the
CSPAN
Jun 20, 2013 12:00pm EDT
, they can't weaken america. they didn't weaken our economy. they helped build this country, helped build this economy as all of our ancestors did, and that's true of immigrants who want to come here and work and we ought to have a legal avenue that allows these people who want to build a better life for themselves and in the process build a better america, we ought to allow that to happen. this bill in my view doesn't go nearly far enough in accommodating the legal immigration that we could and should have in this country especially with respect to low-skilled workers. i'll be the first to say the bill makes a lot of progress for high-skilled workers, two big areas, the h-1b visas, the cap that has been too low for too long is significantly raised and although we've created hoops people have to go through that are probably unnecessary, it is progress that we have a much higher cap. there's also a new opportunity for graduate students in the stem fields to get green cards in time and that is very, very constructive. these people come here with a great deal of human capital, intellectual c
MSNBC
Jun 21, 2013 10:00am PDT
" on sunday. >> >> we want to do our own congressional summit on immigration, the economy, spying. we've got terrific four some to talk about this, as well as to really examine the president's standing right now politically with some of these issues. and we'll do that with our round table. >> thank you very much. we'll be watching. >> okay. >> and senate approval of a broad overhaul of the nation's immigration system could get a boost to spend billions on border patrol. but while it is raising hopes for republican support, there is strong opposition to it. >> if it were actually needed and work, i would help deal with that. but i don't -- i have my doubts that this is the best way to spend our money. i think this was a political response to a failing piece of legislation, a dramatic, desperate attempt to pass a dramatic piece of amendment so they can say it does everything you want and more. so we'll see. hopefully it does improve the border. but again, the border is just one part of the overall failure of our immigration system. >>> and joining me now is nbc news capitol hill correspondent,
CSPAN
Jun 17, 2013 8:30am EDT
a facebook page now. so, you know, the world has really changed, and our energy economy has similarly changed. if you go back again to that time ten years ago, oil production, of course, continued to fall in the united states, imports increasing dramatically. top business leaders and thinkers from lee raymond to alan greenspan be projected an enormous natural gas shortfall and, in fact, there were lots of investments for lng imports. today we talk about blend w5u8 problems. pv, distributed pv, $10 a watt. today we're talking about incredibly reduced costs. wind power up by a factor of 15 in that time period. so there really has been tremendous change, in fact, even in the four years since president obama took office we've seen this. most especially, of course, we all know how unconventional gas and oil have been a game changer in this, in this country. we often think of the energy industry, the energy system as one of incredible inertia and very hard and resistant to change. and there are some, there is some truth in that, and there are some good reasons. capital intensity, all kinds of issue
FOX News
Jun 17, 2013 1:00pm PDT
, putting money into the economy. that's is what is going to happen. and -- >> neil: when you say taper, so not 85 billion. >> 7 5. and cautiously say if things get worst we're back to buying again. i think that's is what the say. most economists agree on that. it's interesting -- this is my one, -- i think the fed, even if it tapers a little bit, the chances are the stock market will keep going up. i only say that people should be cautious about the future. here's one reason. wall street is trying to sell this there are notes from goldman sachs, larry fink, meredith whitney, a big bull. they're trying to sell this market. i only worry that when wall street says, listen, don't worry too much, keep buying stocks, as an average investor, play attention to it. and i can give you an interesting bullish scenario. the fed does taper, the economy is getting better, markets start reflecting the economy, corporate profits, earnings are strong, and low inflation and guess whatting are as they taper, the pop the bubble in the bond market. there's a bubble in the bond market. particularly the more ri
MSNBC
Jun 17, 2013 4:00pm EDT
economies. joining us now is jared bernstein of the center on budget and policy priorities and a former top economist to advice joe biden. is this not a good moment for us to gave thanks that congressman paul ryan has not been in charge of the american economy because if he had been, it would resemble those at the g-8 who have suffered triple dip recessions as a result of applying austerity? >> i think it is a helpful analogy. if you think about the impact of the of kinds of policies, austerity, that paul ryan and many other republicans stand for right now, you can see their economic impact by looking over at europe. back in 2009, when there was a similar summit, a g-209 summit, the president went over there and explained we're applying fiscal stimulus pretty aggressively in our country and many of you should try to do the same. some of them took it up on it and their economies began to improve. then they pivoted to deficit reduction way too early and by the bit off this austerity idea to the point where you can just watch their unemployment rate reverse course and start to go up. now much
CSPAN
Jun 20, 2013 8:00pm EDT
, promotes growth and creates jobs, investments in infrastructure and innovation, expands our economy and strengthens the middle class and responsibly reduces the deficit. cognizant van hollen has been our leader on budget issues and the -- always promoting a budget as a statement of our national values of fairness, and opportunity, while reducing the deficit. please yield to the distinguished gentleman. >> thank you, leader pelosi. leader pelosi and president obama have in calling for some time now for the house of representatives to get working on legislation that will help boost growth. the economy has been improving but we know it can improve much faster if congress would do its work. two percent economic growth. because of things congress has done, like the sequester, we are slowing down economic growth in the country. the congressional budget office says economic growth this year will be one third less because of the sequester. which is why we have proposed a budget. senate democrats and the president of the united states have proposed budget that would replace the sequester wit
CSPAN
Jun 17, 2013 5:00pm EDT
of the sequester. , it is something that because of the strength of the economy, it has not been as much of a public focus as the white house hoped. host: is it a matter of capitol hill not bringing it up enough? what has capitol hill been doing on this? guest: the democrats ready regularly bring up the sequester. there is no pressure on anyone to change the sequester at this point. the economy is doing fine. the budget situation is getting better. the economy is improving. the sequester is having a role as well. at this point, it seems impossible anyone would turn off the sequester before the end of september. it actually looks like the budget things that were included as part of the bill that created the sequester will continue for some time. i would expect the kind of cuts we are seeing right now will continue in the foreseeable future. we are taking your calls and comments on sequestration. the nsa to leaks, the upcoming decisions on gay marriage, and any other subject you want to talk about on capitol hill this week. ken is up next on the independent line. good morning. caller: good
CSPAN
Jun 22, 2013 12:25pm EDT
constituents have made it clear time and time again that we must make us work together to grow the economy. once again, republicans refuse to listen. instead, we are debating legislation that endangers women's health and disrespects the judgment of american women and their doctors on how to make judgments about women's health. this bill would deny care to women and the most desperate of circumstances. it is yet another republican attempt to endanger women. it is disrespectful to women, unsafe or families, and unconstitutional. at the start of the congress, the republicans take great pride in reading the constitution, but then they proceed to ignore it. one example is this clearly unconstitutional bill. they claim to reduce the role of government, except when it comes to women's most personal decisions about their reproductive health. leading medical experts believe this legislation is dangerous and wrong. that is the message we have seen from doctors and health- care providers who point out that this would put medical professionals in the untenable position when treating women in need -- w
CBS
Jun 21, 2013 7:00am PDT
in years? plus, how the dow's plunge could be a good sign for the economy. >>> new overnight. word of a near miss in the skies above new york city. how two jets almost collided in midair. >> the incredible story of a deaf boy hearing for the first time. inside a medical breakthrough. >>> and the miami heat go back to back, repeating as nba champs. >>> but we begin this morning with a look at today's eye opener. your world in 90 seconds. >> people in hedging their bets. >> wall street tries to rebound after a massive sell-off and stocks tumbling. >> yesterday, the dow plunged, its biggest point drop since 2011. >> anxiety mounted over potential of the stimulus reserve to end. >> snowden under investigation. the inspector general race been looking into the company. >> we do believe there may be some problems. >> senate leaders appear to have reached a compromise on immigration reform but the deal is likely to face stiff opposition in the house. >> for peepople concerned about border security, once they see this bill it's almost overkill. >> it's back-to-back
CBS
Jun 19, 2013 5:00am PDT
while ago about the two countries' needs to work closely together for the sake of the world economy. >> overall, germany is our largest trading partner in the eu so we have a profound stake in each other's success. we agree that there's more work to do. not only do we have to grow, but we also have to reform our economies structurally. >> the president also took time to defend u.s. surveillance programs saying they have averted at least 50 threats and saved lives in the process. mr. obama's berlin visit comes almost 50 years to the day it was june 26th, 1963, when president kennedy delivered his anticommunism speech with the well known phrase, "ich bin ein berliner." >>> house republicans want to make it a federal crime to be in the u.s. illegally. a republican-based house economic voted yesterday to pass a bill boosting criminal penalties against anyone who is not a citizen. republicans say the bill is necessary to uphold enforcement of the law. democrats say it's too dangerous and are especially disappointed as the senate plans to work on an immigration bill to provide citizenship
FOX Business
Jun 18, 2013 9:20am EDT
shifted our economy and our society. i want to bring in one of the leading thinkers on economic policy and i want to know if president obama has changed america for years to come. joining us to arthur brooks, the president of the american enterprrse institute. what do you say, arthur, has he changed it now and for good for a long time to come? >> well, yeah. hi, stuart. it's hard to argue that things haven't changed in the united states. the truth of the matter is we have been looking for a long time to scale up the size and scope of governments and obama has simply taken and escalated these particular trends. growth of government is something that's been going on for two decades and you've been in the united states for a long time and you've seen it and i know you've seen it to your dismay, but it's kind of a bipartisan deal at this point. you can't say it's democrats or republicans. the truth of the matter is the amount of government in dollars per capita has increased more under republican administrations than under democratic administrations over the past two decades. i would call
CSPAN
Jun 18, 2013 1:00pm EDT
has resulted in a significant boost for the local economy, especially for the travel industry, the leisure industry, restaurants, for example. shops. i'm proud to have worked on taiwan's entry into the visa waiver program because i know that as a result of this agreement taiwanese americans in southern california have a much easier time staying connected to their families. mr. speaker, as the number of visitors from taiwan has grown exponentially, there is an urgent need to ensure that taiwan has real time access to air safety information. strengthening air safety benefits american citizens as much as it does the taiwanese. every year tens of thousands of americans fly through taiwan's airspace which must be as safe as it can be, and this bill will certainly help. just as taiwan was allowed to join the world health organization as a result of the sars outbreak, so should taiwan be afforded the opportunity to observe the proceedings of the i.k.o. we all share the responsibility to ensure that international air travel be safe. taiwan's unique political status has thus far hinder
FOX News
Jun 17, 2013 6:00pm PDT
that would help the economy and create a job? number three, lavish overseas travels come as government agencies are facing mandatory fiscal cuts. we can't open the white house to school kids because we can't afford it. we have joe trippe and jenny beth martin. time of honesty if we can't open the white house for school kids to go and see their house, do we really need to spend that kin of money, $6 0 million to $100 million on african, $3,300 a night, 30-person entourage to dublin. >> i doan know if any of those numbers are right? >> oh, they are right. >> are you doubting me? >> well, sean, i'm doubting whoever came up with these numbers. some people came up that his trip to india would cost $200 million and use 10% of the u.s. navy. notes numbers weren't right. >> "the washington post," a liberal newspaper, said $60 million to $100 million. >> sean, i'm not arguing with you. africa has large economic growth, a lot of room for american businesses to move in. creating jobs here and that's part of what the president intend to do while he's there. >> just like the stimulus was a great jo
FOX
Jun 22, 2013 5:00pm PDT
] priceless. wow. ♪ [ male announcer ] priceless. wow. alyou're probably thinkin'' about about fuel economy., well, you're gonna want some torque to go with it - 'cuz unless you're usin' your truck to deliver pizza's... you ain't gettin' anything done without it. torque is power. it pulls trailers. hauls dirt. drags boulders. torque is what gets the cap off your beer. and only the ford f-150 with as tob best combination of torque and fuel economy. think about that. this is the 2013 ford f-150. >> justin: one of the best features of this ballpark. the pool in right center field. >> bob: they did some work on it a few years ago. 2008, 2009. >> justin: that's the perk of being the world series champion manager. great place to watch a ball game. >> justin: this is a great place to watch a ball game, completely different perspective, if you like to watch jumps outfielders take. >> justin: parra grounded out to first base his first time up. you look at the numbers he's putting up and the defense he plays in the outfield. 1-0 change-up is in there. one ball and one strike. i think he's one of the
CSPAN
Jun 21, 2013 2:00pm EDT
: both sides are addressing the economy, to bring growth back. it is not easy. we are facing enormous challenges on both sides. we have different kinds of responses, different kinds of contacts in america. i think the common concern is to make sure the recovery is a sustainable one that we don't go in an up and down in terms of economic performance. i think we have established a few lines that are common. we need financial stability and we need to increase our competitiveness. we are facing enormous challenges in emerging economies. we need to adjust our economy for training and education and we need the skills in the job market. for the moment i think the g-8 has clearly identified that. we need to join efforts at the international level to create a right position. host: what needs to happen? guest: i think we need to consolidate our accounts and put our house in order in terms of the debt and deficit. that is crucial for our credibility of our efforts. at the same time, we need to invest in a new way, we need to create the sources of competitiveness for the future. so our economies
CNN
Jun 21, 2013 2:00am PDT
into the economy each month. >> gradually reducing the pace of purchases. >> reporter: the second, overnight thursday bad news from china. manufacturing production fell. the economy isn't growing as fast as it had been. the pros say this was bound to happen after months of gains and record highs. in fact, the fed pulling back is a sign the economy is getting better. >> there's no fear or panic going on. we know it's going to be a nice, slow, orderly process to see if our economy can stand on its own again. >> stocks were only part of the bad news. a metal meltdown. gold, the filter is dropping like a rock, losing a quarter of the value this year. don't be afraid to peek at your 401(k). after yesterday's dramatic drop, the dow was up 12.5% this year. >> everything was moving yesterday. interest rates on treasury bonds hit a two-year high. higher mortgage rates, higher car payments could be around the corner. don't despair. stock futures in the u.s. are up a little bit so far. we'll keep monitoring it. >> you used a swear word before we went on air. >> i did. i said darn, that was a horrible d
CSPAN
Jun 18, 2013 12:00pm EDT
which will have a terrible impact on state and local economies. going back to when the government tries to implement compassion it will always be done on a political basis. i want to speed up because we want to leave time for discussion and our other panelists. i want to give you an example how this happens. i heard this great example. think about a mother who steals to feed her children. she goes to children. her children end up in foster care. we have sympathy and there is the terrible situation, where is the outcry for amnesty for such a person? where the outcry for family reunification for someone broke the law. it is not there? why? because she is not a member of desired political block people in washington trying to garner favor for. that is to go back to let individual discuss 19 we get mandate for compassion. go next to verse 34, right after the mandate that we exercise kindness to strangers, it also prohibits unjust weights and measures. that is what this bill is. it is an unjust weight and measure. we need to take the things into consideration. i could go on. this bill also, a
MSNBC
Jun 20, 2013 6:00am PDT
're seeing is ben bernanke is taking the training wheels off the economy. or will eventually be taking the training wheels often by pulling out all the quantitative easing, all the bond buying the fed has been doing. several rounds of this quantitative easing. it's boosted house prices. it's kept mortgage rates down. everybody's nervous when the fed stops buying up all these bond, the economy might not perform all that well and stocks are going to look a little expensive. so that's why you're seeing stocks sell off. that's why you're seeing mortgage rates go up. the ten-year treasury note is rising. the highest it's been in a couple years. think of ben bernanke as a drug dealer, he's taking the drugs away from the economy. >> everybody coming down from that high, as it were. the president in a conversation with charlie rose hinted bernanke would not serve a third term as fed chair. i'll play you a sound bite from that conversation. and then get your thoughts. >> ben bernanke's done an outstanding job. ben bernanke's a little bit like bob mueller, the head of the fbi, where he already s
MSNBC
Jun 22, 2013 2:00pm PDT
>> talk about how you're going to turn the economy around. >> adios. >>. ♪ >> oh, sometimes i wish i was on the same stage with those guys. no, i'm not running. but i love to talk about them. here he is, again, he's back at it. slick rick perry. the governor of texas. it is all hat and no cattle. just wrapped up a five-day poaching tour for jobs in the northeastern portion of the united states. now, how many liberals are up in the northeastern portion of the united states believe a texas brain drain here. the texas brain wizard planted his cowboy boots here in new york city and in connecticut across the river hoping to rope in some business leaders to taking jobs to the lone star state. the governor's main message, very simple. no regulation and no state income tax. sounds really good, doesn't it? perry even put together this web video slamming new york and talking up texas. >> if you just took the book of rules and regulation in new york state. 49,000 pages and one reason small business owners tell us that new york is such a hard place to do business. >> a lot of the business owners
CSPAN
Jun 20, 2013 7:00am EDT
we've got to get the economy jumpstarted and back on track in a manner that is sustainable for the programs that we all care about. one of of the ways to clearly do that at the -- at the cbo has indicated, and this is a nonpartisan operation, is to pass copperheads if immigration reform that provides an additional piece of evidence as to why this is so significant for us to get done and to get done sooner rather than later. ,ost: congressman jeffreys what is another issue, before we go to calls, that you focus on or that you think the congress should be addressing? i think we have to do with the gun violence problem we have in america. it is, katie, i understand that, but certainly as americans focus on the problem, and the aftermath of the tragedy in newtown, connecticut, the issue that we confront in the district, i represent a very urban district that has several neighborhoods in east new york,: the island, brownsville, that in the last several decades have gunrienced issues in violence. almostevery reagan, -- every weekend, there is an issue that has resulted from an il
FOX Business
Jun 21, 2013 1:00pm EDT
within the economy. you point out that highs in his -- house is a primary beneficiary. the fed is as responsible for managing as they are for anything else. to the extent that they're looking to manage the bubble that has formed, whether it be equities, the form of stocks, housing, absolutely. this is part and parcel with the context for the fed is basically saying at some point we're going to have to pull the punch bowl away from the party. it looks like sooner than later, and this speaks to that. ashley: from an investor's point of view given the volatility in stopping this, you expected will continue through the summer, what can you do as an investor to play in this environment? >> in this type of environment you want to manage risk. that is the first quarter of the day. you want exposure. and if you have the decisions that you feel compelled and meet your objectives, you can hold on to them and hopefully there are dividend payers and certainly they have a very consistent track record in terms of equity performance and driving revenue top and bottom line growth. expose yours
CNN
Jun 21, 2013 3:00am PDT
of money they're pumping into the economy each month. >> we will ease the pressure on the accelerator by gradually reducing the pace of purchases. >> reporter: the second, overnight thursday, bad news from china. manufacturing production fell for the first time in eight months. a sign that one of the world's most powerful economies isn't growing as fast as it had been. the pros on wall street say this was bound to happen after months of gains and record highs. and in fact, the fed pulling back might be a good sign that the economy's getting better. >> there is no fear. there is no panic that's going on. but i think we do know that it's going to be a nice slow, orderly process to see if our economy can stand on its own again. >> reporter: that doesn't make yesterday any prettier, and stocks were only part of it. a metal meltdown. 2 1/2-year lows for gold and silver. gold, the shelter from the storm in the recession, is dropping like a rock, losing a quarter of its value to far this year. don't be too afraid to peek at your 401(k). even after yesterday's dramatic drop, the dow was up mo
CSPAN
Jun 19, 2013 8:00pm EDT
in the local economy generated by the store and new jobs it creates. it has a multiplier effect. to know that this works, we need to look at pennsylvania. a similar program that began there in 2004 resulted in 88 projects being built or renovated in underserved urban and rural communities across the state. today, more than 5,000 jobs have been created and i know we all want to create jobs, and 400,000 people now have increased access to healthy foods. 30 million invested by the state has resulted in projects totalling more than $190 million. the pennsylvania program success rate has been better than the grocery industry overall. federal, state and many city governments are enacting legislation and policies to attract healthy food retail. this is tremendous momentum around the country right now to bring grocery stores to places that need them. also a diverse group of nearly 100 stakeholders support this bill, including policy link, the food trust, the national grosser's association and newly rouse agricultural, civil rights support this bill. the senate supports this -- the senate has rec
CSPAN
Jun 19, 2013 1:00pm EDT
that it would be good for dairy farmers in the northeast who are such an important part of our economy. but i cannot and i will not support this farm bill as it is currently written. i cannot support a bill that cuts the snap program by $20.5 billion. i cannot support a bill that will force two million americans to lose their benefits. i cannot support a bill that throws over 200,000 american children off the free school breakfast and lunch program. in short, i cannot support a bill that will make hunger in america even worse than it already is. right now as we speak, as we gaggetser here, there are -- as we gather here, there are 50 million hungry americans, 17 million of them are children. many of them work but do not earn enough to make ends meet. all of us, every single one of us in this chamber should be ashamed by those numbers. food is not a luxury. it is a basic necessity. but there isn't a single congressional district in america that is hunger-free. ending hunger in america used to be a bipartisan issue. to my republican friends i say, remember the work of people like bob dole and b
CSPAN
Jun 18, 2013 1:00am EDT
of this meeting is to fire up our economies and drive growth and prosperity around the world, to do things that make a real difference to people's lives. and there is no more powerful way to do that than by boosting trade and than by launching these negotiations on a landmark deal between the european union and the united states of america. could at 80 billion pounds to the u.s. economy and 85 billion pounds to the rest of the world. two million extra jobs, more choice and lower prices in our shops. we're talking about what could be the biggest bilateral trade deal in history. a deal that will have a greater impact than all the other trade deals put together. when we last met at camp david and suggested we could reach this moment many doubted it would be possible. everyone knows these trade deals are difficult. some take years to get off the ground and some never happen at all. it's a testament to the leadership of everyone here we've reached this point. we must maintain that political will in the months ahead. -- once in a generation opportunity and we must seize it. >> today we announced
FOX News
Jun 15, 2013 12:00pm PDT
we need to get the economy going and small businesses will do better. >> heather: and the answer depends on who you talk to and what stats they reference. you talk to bankers, they will show data released by independent businesses and that showed the null of employers difficulties securing a loan that it dropped six percent in may. then folks from the sba outstanding loans have declined 17% since 2008. so does kioyd down to the numbers? >> it does. it depends on what types of businesses you are in, what growth usual in, what part of united states you are in. it's not a simple answer. again, if we get the economy going, maybe a lot of businesses won't take out loans. small businesses, everybody should small business owner today. it is tough. and i was listening to leland, that is sort of what it is like to be a small business owner today. you have craziness going on, rising costs and rising taxes. it's very tough to be a small business owner. get your house in order to get a loan, it's a difficult thing. big companies seem to have an easier time at it because they can float notes
FOX News
Jun 18, 2013 4:00pm PDT
that they are not getting what they deserve from the government of the world's sixth largest economy. shepard? >> shepard: steve, these nationwide protests are reportedly some of the biggest demonstrations since the end of brazil's dictatorship back in '85. the country's military regime lasted for more than two decades back then. during that time, violent clashes often broke out between protesters and police. really not sense. authorities in turkey have banned large gatherings all together after weeks of violent antigovernment protests in a key city. so it's come to this. one man trying a peaceful solo protest and there he is. the guy on the right in the white shirt, stood alone for many hours last night. at istanbul's taksim square. stood there and stared. stared aportrait founded turkey as a secular state 90 years ago. many claim turkey's current leaders are forcing islamic agenda on them as word of this standing guy got out. several others stood just like him in different parts of the country. turkish officials say they will take no action as long as these silent protests cause nobody any harm. here a
FOX News
Jun 22, 2013 4:00pm PDT
and stay here legally and bringing relief to the struggling economy. >> this will help the middle-class grow our economy and shrink our deficits and making sure every one pays taxes like everyone else. >> senators introducing a proposal to bolster security. border surge includes 700 miles of fencing with the addition of tens of thousands border agents and enforces a nationwide e- verify system and needs to be in place before illegal immigrants can apply for green cards. there is no indication whether it will fly before the july 4th recess. >> the current bill is a mess. it is repeating the same failed pattern we saw in 1986. >> instead of throw million we are dealing with len million. and congress is saying the same deal, legalization first and then promising maybe some day in the future the border will be secowered. >> senate leaders have a test on monday. and bring it close to cent votes, that's the target number they say will pressure the republican house to act as well. harris, back to you. >> elizabeth, thank you. >> we are on sarah watch. the family of a little girl who had
CSPAN
Jun 20, 2013 9:00am EDT
will be providing whatever support is necessary. if the economy does not improve along the lines that we expect, we'll provide additional support. if financial conditions evolve in a way that's inconsistent with economic recovery, we will provide support. but -- and in that way we hope to increase confidence both among market parts, but also among investors and private consumers and other people in the economy. so, but, again, your point is well taken that we are in a position where the simple adjustment by 25 basis points to the federal funds rate seems like a long-ago experience, and we are in a more complex type of situation. .. >> it is certainly true that it has taken time to do these regulations. number of reasons for that. the first is they're inherently, many of them are quite complicated, the volcker rule involves little distinctions between hedging and marketmaking and proprietary trading. many of them involve rules to coordinate and cooperate and agree on language. the q r m rule, six agencies are involved in making that rule and the third fact, the third and basic issues we have to do o
CSPAN
Jun 16, 2013 6:30pm EDT
in our society, economy, the central essence that we face today as a challenge is how do we keep america that special place unlike any other in human history. the reason is because, though our rights come from god, as our founding documents state, those rights have not always been respected and human nature has shown a willingness to violate them or deny them. we fight against those headwinds in america every day and this is in contrast to what most of human history look like. tomorrow -- to most of us who are influenced heavily by it, it is especially challenging, a time where we are told we should silence our phase were separated from how we express ourselves in the political process. this coalition of faith and freedom gets it right in the sense that faith and freedom are intertwined. for americans, it is. what i hope to do in the next few minutes is not to -- just to advocate you stay involved but encourage you to do more. i think we are called to do more in that regard. knowing the diversity of faith in this room today, i will rely on my personal fate, the christian faith, for guida
CSPAN
Jun 18, 2013 5:00pm EDT
must work together to create jobs, to strengthen the middle class and to grow the economy. our -- yet once again republicans refuse to listen. instead we are debating legislation that endangers women's health and that disrespects the judgment that the american women and their doctors on how to make judgments about women's health. this bill would deny care to women in the most desperate circumstance. sad and desperate circumstances. it is yet another republican attempt to endanger women. it is disrespectful to women. it is unsafe for families and it is unconstitutional. at the start of the congress, the republicans take great pride, and we join them in that pride in reading the constitution, start to finish. it's a great day. it's a great document. but then the republicans proceed to ignore it. one example, this clearly unconstitutional bill. each day republicans claim they want to reduce the role of government except when it comes to women's most personal decisions about their reproductive health. leading groups of medical professionals and experts across the country believe that this
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